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| | | Australians are taking a more active interest in their insurance and superannuation, as the impact of COVID-19 on personal finances continues to be felt, according to MetLife. The new research from MetLife found one in four Australians, or 28%, have ... |
| | | | Within the next decade, the number of superannuation funds serving Australians will drop by 60%, according to a new KPMG report. New KPMG research shows the 217 APRA-regulated superannuation funds will shrink to 138 within the next five years, with ... |
| | | | For a moment, Australia's superannuation system was beyond the magic $3 trillion mark. But, COVID-19 momentarily set the sector back, according to new data. Latest Australian Bureau of Statistics data shows the super sector was smashed to the tune of ... |
| | | | Commonwealth Superannuation Corporation (CSC) has named a new chief executive, hiring a former industry fund chief. Damian Hill, who was chief executive of Rest for 12 years, will now lead the $50 billion government fund. His appointment comes as CSC's ... |
| | | | Senator Jane Hume has said the compulsory nature of superannuation allowed super funds to become lazy, creating inefficiencies in the system. She has also hinted the government will soon turn its attention back to the Productivity Commission's recommendation ... |
| | | | ... investors very confident of a likely post-COVID recovery. "There's been lots of unhelpful speculation regarding superannuation recently. Ironically none of it concerns actual super investment returns. Yet they are what really matter." However, Dunnin ... |
| | | | ... paper estimates. As balances grow, it becomes even more important for retirees to understand how to maximise their superannuation to improve retirement outcomes, spend appropriate amounts to ensure a good standard of living and safely draw down while ... |
| | | | ... for an APRA investigation into industry funds. Last month, Wilson wrote to APRA asking it to investigate industry superannuation funds' use of services from businesses related to them, which he termed as vertical integration. Wilson's letter started ... |
| | | | ... that chair of the commission Liberal MP Tim Wilson was only enquiring about conflicts of interests in industry superannuation funds and not in retail funds. "I have not written to ASIC and APRA because those matters were dealt with during the Royal Commission," ... |
| | | | ... inflows into the Raiz Invest Super product slowing as Australians continue to drawdown on their savings. It comes as superannuation consolidation tool SuperMatch is suspended by the ATO and APRA over fresh fraud fears. In a Senate hearing last week on ... |
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